New York State Teachers Retirement System 13F: Cuts AXON Stake by $474K

New York State Teachers Retirement System recently reduced its holdings in Axon Enterprise, Inc. (NasdaqGS: AXON) by 845 shares, which is a 1.4% decrease. This brings the fund's total to 58,408 shares, valued at about $29.8 million as of the latest Form 13F filing with the SEC.

What Changed in New York State Teachers Retirement System's Axon Enterprise Position

The fund trimmed its position in Axon Enterprise by 845 shares, moving from 59,253 shares to 58,408 shares. This adjustment represents a 1.4% decrease in its holdings, with the reported value now standing at approximately $29.8 million.

Other Institutional Activity in Axon Enterprise

Among other institutional investors, BlackRock, Inc. reduced its position by 251,151 shares, ending with 7,989,186 shares valued at $3.39 billion. Vanguard Capital Management LLC opened a new position with 5,043,125 shares worth about $2.14 billion. State Street Corp increased its holdings by 131,605 shares, resulting in a 3.7% increase to 3,681,962 shares valued at $1.56 billion. Baillie Gifford & Co also boosted its stake by 817,149 shares, marking a 49.7% increase to 2,459,727 shares, valued at about $1.04 billion.

Axon Enterprise, Inc. Stock Up 37.3%

Shares of Axon Enterprise traded near $510.60 on Tuesday. The company has a market capitalization of approximately $37.5 billion and a P/E ratio of 189. Its forward P/E is 44, and it carries a beta of 1.42. The stock's 52-week range is between $339.01 and $885.92, with a 50-day moving average of $420.37 and a 200-day moving average of $537.25. Axon maintains a current ratio of 2.27 and a quick ratio of 1.70, with a debt-to-equity ratio of 52.07.

Recent Earnings

Axon Enterprise reported revenues of $2.98 billion, reflecting a 33.7% growth. The company's net margin stands at 6.9%, with a return on equity of 6.8%. The next earnings release is scheduled for August 3, 2026.

Insider Buying and Selling at Axon Enterprise, Inc.

Several insiders at Axon Enterprise sold shares in early June. President Joshua Isner sold 13,000 shares on June 5 at an average price of $488.45, while CEO Patrick Smith sold 20,000 shares on June 4 under a planned sale at $500 per share. Chief Revenue Officer Cameron Brooks sold 1,242 shares on the same day at the same price. Other executives, including Elizabeth Reid Coughlin and Brittany Bagley, also sold shares in early June.

Analysts Set New Price Targets

Analysts have been active with Axon Enterprise. On June 25, 2026, Citizens reiterated a 'buy' rating with a target of $700. Earlier, Barclays maintained a 'buy' rating with a $523 target on May 8, while UBS held a 'hold' rating at $440 on May 7. JP Morgan maintained a 'buy' rating with a $755 target on the same day.

About Axon Enterprise

Axon Enterprise, Inc. provides technology solutions for public safety, operating in the industrial sector. The company, headquartered in Scottsdale, Arizona, is led by CEO Patrick W. Smith and employs about 5,100 people. Axon works in two main areas: Software and Services, which includes cloud-based solutions for managing digital evidence, and Connected Devices, which offers hardware like TASER devices, body cameras, and more. Its products serve various government levels and commercial entities worldwide.

Bottom Line

The New York State Teachers Retirement System's reduction in Axon Enterprise shares is part of a broader trend among institutional investors. While Axon's stock performance remains strong, with analysts generally optimistic about its future, the 13F filing reflects past positions and may not indicate current strategies.